Does this sound right?
1500m of strike by 400m width by 50m thick = 30 million cubes of dirt
30mil by 2.7 spec gravity = 81 mil tonne of rock
1% of that is Ni = 810 000 tonne of Ni.
810 000 by US$12 250 = $9 922 500 000 say $10 Billion.
Lets say profit would be 10% so this project is worth a lazy $1Billion US +cobalt+scandium.
So for $60 mil aussie you get quite a lot in this beastie.
Today's Trading / Running Commentary, page-122
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